Bay Street Likely To Inch Higher In Cautious Trade

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(RTTNews) - Canadian shares are likely to open higher on Monday, tracking firm crude oil prices and steady European markets. With the Bank of Canada's monetary policy announcement due on Wednesday, the mood is likely to remain a bit cautious.

The Bank of Canada is widely expected to keep its interest rate unchanged as inflation remains at elevated level. Canada's inflation accelerated to 3.4% in December, from 3.1% a month earlier.

CGI Inc. (GIB-A.TO) announced Monday a partnership with Korber to enable pharmaceutical and life sciences companies to improve production processes by combining CGI's end-to-end services with Korber's Werum PAS-X Manufacturing Execution System (MES) Suite.

Endeavour Mining (EDV.TO) announced that it produced 280,000 ounces of gold in the fourth quarter, down from 294,000 ounces in the year-ago quarter. For the full year 2023, Endeavour posted gold production of 1.07 million ounces, an 8% decrease from 1.16 million ounces in 2022.

Endeavour Mining expects gold production to increase by up to 18% in the full year 2024 to 1.13 million-1.27 million ounces due to project startups in the second quarter.

The Canadian market ended with a gain of 149.79 points or 0.7% at 20,906.52, climbing further off the nearly one-month closing low set on Wednesday.

Optimism about the outlook for earnings may have contributed to the strength in the tech sector ahead of next week's release of quarterly results from companies like Intel (INTC), IBM Corp. (IBM) and Netflix (NFLX).

Asian stocks ended mixed on Monday as concerns over China's faltering economy offset dovish BOJ bets.

European stocks are up in positive territory with investors digesting earnings updates, and looking ahead to the European Central Bank's monetary policy decision on Thursday.

In commodities, West Texas Intermediate Crude oil futures are up $0.40 or 0.54% at $73.81 a barrel.

Gold futures are down $1.20 or 0.06% at $2,028.10 an ounce, while Silver futures are down $0.391 or 1.72% at $22.320 an ounce.

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.

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Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.

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Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners

Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.

RTTNews | il y a 2h 24min

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.

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U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.

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Switzerland Logs Weaker Growth, Trims 2026 Outlook

The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.

RTTNews | il y a 3h 46min

U.S. GDP Jumps More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday.

RTTNews | il y a 3h 54min

U.S. Weekly Jobless Claims Edge Down To 229,000

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd.

RTTNews | il y a 3h 59min

EURUSD	1.16839	GBPUSD	1.35212	AUDUSD	0.6533
USDJPY	146.89	USDCAD	1.37482	USDCHF	0.80112